Cincinnati Bearcats. The American logo in Cincinnati's colors. The Cincinnati Bearcats are the athletic teams that represent the University of Cincinnati. The teams are members of the American Athletic Conference (The American), which from 1979 to 2013 was known as the Big East Conference.
You must reduce the basis of property by the depreciation allowed or allowable, whichever is greater. Depreciation allowed is depreciation you actually deducted (from which you received a tax benefit). Depreciation allowable is depreciation you are entitled to deduct.
A company bought an asset for 100,000 with an expected useful life of five years. After two years of use company decided to change the depreciation method from straight-line basis to reducing balance method at the rate of 15%. Required: Calculate the depreciation for the third and fourth year.